Bitcoin price analysis: BTCUSD bullish above $3,900

March 11, OctaFX – Bitcoin is moving closer to key trendline resistance in early-week trading, with the number one cryptocurrency pressing against the $3,900 level.

Bitcoin price analysis: BTCUSD strongly bullish

If bulls can edge price above this key technical area, the BTCUSD pair could easily advance towards the $4,200 and $4,400 resistance levels. Should we see key upside resistance holding, the BTCUSD pair will likely move lower towards the $3,800 and $3,700 support levels.

  • The BTCUSD pair is strongly bullish while trading above the $3,900 level, key technical resistance is found at the $4,200 and $4,400 levels.

  • If the BTCUSD pair fails around the $3,900, sellers may test towards the $3,800 and $3,700 support levels.

Bitcoin price analysis


This article was provided by OctaFX. It should NOT substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

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